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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Forex Technical Analysis 14.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
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Forex Technical Analysis 14.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

14.11.2016

Analysis for November 14th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached its downside target and, being under pressure, is still falling towards the next target at 1.0720. Possibly, the price may return to 1.0860. Later, in our opinion, the market may continue falling inside the downtrend to reach the next target.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is forming the first descending impulse; the target is at 1.2450. After that, the instrument may be corrected towards 1.2565 and then resume falling to break 1.24.




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has broken its consolidation range to the upside and is still forming another ascending wave. Possibly, today the price may return to 0.9860. Later, in our opinion, the market may continue growing inside the uptrend. The next target is at 1.0000.




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has broken its consolidation range upwards and right now is still growing. Possibly, today the price may reach 108.55. After that, the instrument may be corrected towards 106.00.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is forming the third descending wave. We think, today the price may grow to reach 0.7580 to test it from below. Later, in our opinion, the market may move downwards to reach the local target at 0.7425.




USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is still extending its ascending wave. So far, this wave may be considered as a correctional one. Possibly, the price may reach 66.33. After that, the instrument may be corrected towards 64.70.




XAU USD, “Gold vs US Dollar”

Gold is trading downwards to reach 1208. Later, in our opinion, the market may grow towards 1262.




BRENT

Brent is trading to rebound from the downside border of the consolidation range. We think, today the price may grow towards 46.22. However, if the current decline continues, the market may continue falling inside the downtrend to reach 43. But if the range is broken to the upside, the instrument may grow towards 51.24.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.